Company sells units at C$0.25, along with one-year C$0.35 warrants
By Devika Patel
Knoxville, Tenn., Feb. 10 - Wind River Energy Corp. said it settled a non-brokered private placement of units. The deal raised C$3 million. Canaccord Genuity Corp. was a finder for a portion of the deal.
The company sold units of one common share and one half-share warrant at C$0.25 per unit, with each one-year warrant exercisable at C$0.35. The strike price reflects an 18.61% discount to the Feb. 9 closing share price of C$0.43.
Proceeds will be used for the company's operations, including efforts to negotiate and acquire leases in the area covered by the Milagro project asset acquisition, and general working capital.
Wind River Energy is a natural gas and oil acquisition and development company based in Vancouver, B.C.
Issuer: | Wind River Energy Corp.
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Issue: | Units of one common share and one half-share warrant
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Amount: | C$3 million
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Price: | C$0.25
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Warrants: | One half-share warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$0.35
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Agent: | Non-brokered
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Settlement date: | Feb. 10
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Stock symbol: | TSX Venture: WVR
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Stock price: | C$0.43 at close Feb. 9
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Market capitalization: | C$221.57 million
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